Electricity & Gas Prices in Ireland
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32 ENERGY POLICY STATISTICAL SUPPORT UNIT<br />
Figure 15 Percentage Change (national currency) <strong>in</strong> Bus<strong>in</strong>ess <strong>Electricity</strong> Price (band IB) – Semester and 12 Months<br />
4 Energy <strong>Prices</strong> for Bus<strong>in</strong>ess<br />
Bulgaria<br />
Greece<br />
Estonia<br />
Slovenia<br />
Belgium<br />
Turkey<br />
Hungary<br />
Austria<br />
Lithuania<br />
Slovakia<br />
<strong>Ireland</strong><br />
Luxembourg<br />
Denmark<br />
Czech Republic<br />
Croatia<br />
United K<strong>in</strong>gdom<br />
Poland<br />
F<strong>in</strong>land<br />
Latvia<br />
Italy<br />
Portugal<br />
France<br />
EU-28<br />
Germany<br />
Sweden<br />
Euro Area<br />
Romania<br />
Cyprus<br />
Spa<strong>in</strong><br />
Norway<br />
Malta<br />
Netherlands<br />
-30% -20% -10% 0% 10% 20%<br />
% change between S1 2015 and S2 2015<br />
Bulgaria<br />
Turkey<br />
France<br />
United K<strong>in</strong>gdom<br />
<strong>Ireland</strong><br />
Greece<br />
Poland<br />
Belgium<br />
Slovenia<br />
Latvia<br />
Netherlands<br />
EU-28<br />
Austria<br />
Romania<br />
Estonia<br />
Croatia<br />
Slovakia<br />
Portugal<br />
Euro Area<br />
Hungary<br />
F<strong>in</strong>land<br />
Spa<strong>in</strong><br />
Germany<br />
Czech Republic<br />
Denmark<br />
Italy<br />
Norway<br />
Luxembourg<br />
Sweden<br />
Cyprus<br />
Malta<br />
Lithuania<br />
-75% -55% -35% -15% 5%<br />
% change <strong>in</strong> 12 months to S2 2015<br />
Figure 16 shows the ex-VAT price for electricity <strong>in</strong> <strong>Ireland</strong> for band IB consumption levels relative to the EU and<br />
the Euro Area as an <strong>in</strong>dex over the period. The price <strong>in</strong> <strong>Ireland</strong> was above the EU average price dur<strong>in</strong>g the period,<br />
rang<strong>in</strong>g from a high of 30% above average <strong>in</strong> the second half of 2008 down to 3.4% above <strong>in</strong> the first half of 2011.<br />
Dur<strong>in</strong>g the latest semester prices were 14.7% above the EU average, up from 12.1% above <strong>in</strong> the previous semester.<br />
<strong>Prices</strong> were also above the Euro Area average for most of the period, rang<strong>in</strong>g from 26% above average <strong>in</strong> the second<br />
half of 2008 to a low of 1.4% below <strong>in</strong> the first half of 2011. Dur<strong>in</strong>g the latest semester prices were 8.9% above the<br />
Euro area average, up from 5.7% above <strong>in</strong> the previous semester.
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